Homebuilding Materials Tariff Relief Act
Sponsored By: Representative Beyer, Donald S. [D-VA-8]
Introduced
Summary
Tariff exemption for critical homebuilding products. This bill would exempt a defined list of building materials and components used in single-family and multi-family homes from tariffs imposed on or after January 20, 2025, to target lower costs for residential construction and furnishing.
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- Homebuyers and builders: The bill would remove tariffs on many inputs used to build and finish homes. The covered items are listed by Harmonized Tariff Schedule (HTS) headings and include wood, metals, glass, ceramics, plastics, and related components.
- Importers and manufacturers: Firms that import or supply the listed HTS headings would be able to bring those products in tariff-free under the bill's rules. The exemption applies only to products classified under the bill's explicit HTS table.
- Executive and Congress: The President could not reimpose a covered tariff unless the National Association of Realtors' Housing Affordability Index averages 160 or more for the prior 12-month period and Congress passes a specific joint resolution approving that reimposition. Those joint resolutions must follow expedited trade procedures and name the exact article and action approved.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Lower tariffs on homebuilding materials
If enacted, the bill would exempt a listed set of "critical homebuilding products" from each "covered tariff" starting on the date of enactment. "Covered tariffs" are tariffs imposed on or after January 20, 2025, but the bill excludes some tariffs created under certain trade laws and dispute settlements. The bill defines covered products by a long table of Harmonized Tariff Schedule headings for materials used to build or furnish single- and multi-family homes. The President could not reimpose a covered tariff on these products unless the Housing Affordability Index averages 160 or more over the prior 12 months and Congress enacts a joint resolution approving that specific reimposition.
Fast Congress vote to restore tariffs
If enacted, the bill would create a short joint-resolution form that says, "That Congress approves ___ imposed with respect to ___." Any Member in either House could introduce that resolution. The resolution would get expedited procedures like those in section 152(b)–(f) of the Trade Act of 1974. The provision uses each House's rulemaking power to govern the process while preserving each House's ability to change its own rules.
Sponsors & CoSponsors
Sponsor
Beyer, Donald S. [D-VA-8]
VA • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov